Truist Financial Corp Reduces Position in iShares Global Tech ETF $IXN

Truist Financial Corp lessened its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 7.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 49,956 shares of the company’s stock after selling 4,067 shares during the quarter. Truist Financial Corp’s holdings in iShares Global Tech ETF were worth $5,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in IXN. Brighton Jones LLC grew its stake in iShares Global Tech ETF by 16.7% during the 4th quarter. Brighton Jones LLC now owns 4,390 shares of the company’s stock worth $372,000 after buying an additional 627 shares during the last quarter. Marshall Wace LLP purchased a new position in iShares Global Tech ETF during the 2nd quarter worth approximately $791,000. Gamco Investors INC. ET AL purchased a new position in iShares Global Tech ETF during the 2nd quarter worth approximately $554,000. NewEdge Advisors LLC grew its stake in iShares Global Tech ETF by 0.6% during the 2nd quarter. NewEdge Advisors LLC now owns 50,193 shares of the company’s stock worth $4,635,000 after buying an additional 306 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in iShares Global Tech ETF by 14,762.6% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 326,382 shares of the company’s stock worth $30,138,000 after buying an additional 324,186 shares during the last quarter.

iShares Global Tech ETF Price Performance

NYSEARCA:IXN opened at $133.01 on Monday. The stock’s 50 day moving average price is $108.94 and its 200 day moving average price is $107.18. The company has a market capitalization of $8.65 billion, a PE ratio of 34.73 and a beta of 1.32. iShares Global Tech ETF has a 52-week low of $79.48 and a 52-week high of $133.08.

iShares Global Tech ETF Profile

iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.